Brookfield Buys a Sheraton Convention Hotel in Phoenix
Brookfield Hotel Properties has bought the Sheraton Phoenix Downtown, a 1,003-room convention center hotel. Plus more hotel deal and development news.
Florida
Honolulu Hotel Site Sold in $510 Million Deal
The land under the iconic Royal Hawaiian Hotel in Waikiki has been sold for $510 million. Plus, more hotel deal and development news.
U.S. Hotel Performance Forecasts Get Downgraded
CoStar and Tourism Economics downgraded their U.S. hotel performance forecasts for 2025 and 2026. Plus, more hotel deal and development news.
Marriott Pushes Back on Sonder’s Claims Amid Bankruptcy Fallout
Marriott does not agree with the characterizations expressed in a Sonder press release, after Sonder's financial collapse. Plus, hotel deal and development news.
Host Hotels' Strong Third Quarter
Host Hotels delivered a great third quarter report, as did DiamondRock Hospitality. Plus, Sonder's collapse and more hotel deal and development news.
Choice Trims Guidance, Highgate Lands Kessler Contract, Wyndham CFO Leaves
For the full year, Choice cut its projection for U.S. RevPAR to decline by between -2% and -3%, worse than a previous range of between 0% and -3%. Plus, more hotel deal and development news.
Wyndham's ECHO Suites Opens 14th Property
The 124-room ECHO Suites Extended Stay by Wyndham opened in Conyers, Georgia, the brand's 14th property. Plus, more hotel deal and development news.
Grand Metropolitan Hotels Acquires Signature Hotels
Grand Metropolitan Hotels acquired Signature Hotels to strengthen its position in the UK, India, and elsewhere. Plus other hotel deal and development news.
New York City Hotel Is Sold for $125 Million
Dan Hotels expands into the U.S. market by acquiring New York’s NoMo SoHohotel for $125 million from Sapir Corporation, which has filed for insolvency.
Accor Misses Estimates But Upgrades Profit Guidance
Accor's 3Q earnings report included an upgrade to its core profit guidance. Plus more hotel deal and development news.